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During class, we discussed George Akerlof’s economic theory of “the market for lemons.” This Nobel Prize winning idea shed light on a major economic problem based on the asymmetry of information. This theory revolves around the fact that many transactions that involve the interaction of buyers and sellers have an imbalance of information–one side of […]

As we have learned this semester, a general phenomenon regarding the gap between the rich and poor of the world can be witnessed worldwide. That is, the rich have been getting richer, while the poor are getting poorer. One area in which this concept can be noticed in is the realm of sports. Football will […]

Back when I used to have free time, I watched the VH1 show Best Week Ever, in which comedic panelists would go through the obscure news of the week and at the end decide who or what was having their 15 minutes of fame, their “best week ever”. My vote for this week would […]

In class we discussed the spread of epidemics and its relation to networks. This branching process is very similar to the spread of viruses on the Internet, or even the spread of mobile viruses via smartphones. The article “Mobile viruses, a ticking bomb” explores the rising epidemic of mobile viruses. The spread […]

Robert Shiller’s article in the New York Times relates the recent housing bubble to information cascades. The recent housing bubble wasn’t even seen by the Chairman of the Federal Reserve, Alan Greenspan. But why couldn’t a person, as knowledgeable as Greenspan, see the bubble before if popped? He, like the rest of the market, didn’t […]

An underlying theme throughout the study of networks has been the importance of expectations about other people’s behavior and how its affects how one chooses to behave. In a era where social and dating networks often refers to ones group of friends on facebook.com or potential love interests on match.com, recruiting as many people as […]

In class, we spoke about how search engines like Google rank websites and how to make a webpage more popular than another.
Jon Regnerud, of Enterpreneur.com, has come up with some interesting ways to get your website indexed by google within 24 hours.  However, there are also a few steps that are needed to be […]

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If you have not heard the term or witnessed the phenomenon in action, Jewish Geography is when American Jews meet for the first time and connect what people they both know. Usually, Jews can successfully discover that they have several friends in common. The American Jewish population is separated by less than six degrees of […]

http://www.nytimes.com/2008/04/29/health/research/29heart.html?_r=1&ref=health&oref=login
This article from the New York Times titled “Genes Explain Race Disparity in Response to a Heart Drug” explains why some heart patients experience no improvement in their condition when taking beta blockers. As it turns out, there is a certain kind of gene variant in up to 40% of blacks and up to 2% […]

Is Marketing a Lemon Market? by Kolbrener, the lead generation experts
One of the most problematic “lemon markets” in society are those involving services, such as the labor market, as discussed in lecture and in the draft textbook.  I found this article entitled “Is Marketing a ‘Lemon’ Market” through the website of an unlikely source: a […]